Short Interest Coverage: Comstock Resources Incorporated (NYSE:CRK) Just Reported Increased Shorts

November 29, 2016 - By Darrin Black   ·   0 Comments

Short Interest Coverage: Comstock Resources Incorporated (NYSE:CRK) Just Reported Increased Shorts

The stock of Comstock Resources Incorporated (NYSE:CRK) registered an increase of 26.53% in short interest. CRK’s total short interest was 2.11M shares in November as published by FINRA. Its up 26.53% from 1.67 million shares, reported previously. With 875,700 shares average volume, it will take short sellers 2 days to cover their CRK’s short positions. The short interest to Comstock Resources Incorporated’s float is 21.21%. About 223,447 shares traded hands. Comstock Resources Inc (NYSE:CRK) has risen 115.64% since April 26, 2016 and is uptrending. It has outperformed by 110.38% the S&P500.

Comstock Resources, Inc. is an energy firm engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The company has a market cap of $105.43 million. The Firm operates in the segment of exploration and production of oil and natural gas. It currently has negative earnings. The Company’s gas and oil activities are concentrated in Texas and Louisiana.

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.66, from 0.66 in 2016Q1. The ratio turned negative, as 14 funds sold all Comstock Resources Inc shares owned while 18 reduced positions. 8 funds bought stakes while 13 increased positions. They now own 17.93 million shares or 0.76% more from 17.80 million shares in 2016Q1.
State Of New Jersey Common Pension Fund D has invested 0% of its portfolio in Comstock Resources Inc (NYSE:CRK). Wells Fargo And Mn holds 0% of its portfolio in Comstock Resources Inc (NYSE:CRK) for 8,701 shares. The Illinois-based Gp One Trading Limited Partnership has invested 0% in Comstock Resources Inc (NYSE:CRK). Hodges Capital Mgmt Inc has 0.25% invested in the company for 6.14M shares. Blackrock Fund Advsrs owns 7,461 shares or 0% of their US portfolio. Credit Suisse Ag, a Switzerland-based fund reported 216,868 shares. Kbc Group Inc Nv accumulated 0% or 8,518 shares. Citigroup has invested 0% of its portfolio in Comstock Resources Inc (NYSE:CRK). First Manhattan owns 11,660 shares or 0% of their US portfolio. Blackrock Institutional Tru Na, a California-based fund reported 1.26M shares. Susquehanna Grp Llp accumulated 19,480 shares or 0% of the stock. First Dallas Inc holds 0.15% or 224,554 shares in its portfolio. Comml Bank Of Montreal Can holds 0% of its portfolio in Comstock Resources Inc (NYSE:CRK) for 80 shares. Natl Bank Of New York Mellon owns 51,960 shares or 0% of their US portfolio. Moreover, Spark Investment Mngmt Ltd Llc has 0.03% invested in Comstock Resources Inc (NYSE:CRK) for 373,400 shares.

Insider Transactions: Since November 15, 2016, the stock had 1 buy, and 0 insider sales for $49,225 net activity. 5,500 shares were bought by MARTIN CECIL E JR, worth $49,225.

Comstock Resources Inc (NYSE:CRK) Ratings Coverage

Out of 7 analysts covering Comstock Resources (NYSE:CRK), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0 are positive. Comstock Resources has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, February 26 by Imperial Capital. Imperial Capital maintained the stock with “In-Line” rating in Thursday, August 11 report. The stock of Comstock Resources Inc (NYSE:CRK) has “Neutral” rating given on Friday, February 12 by Ladenburg Thalmann. The firm has “Underperform” rating by Credit Suisse given on Wednesday, July 22. The company was maintained on Friday, October 7 by Imperial Capital. KLR Group downgraded the shares of CRK in a report on Tuesday, January 19 to “Hold” rating. Howard Weil downgraded the shares of CRK in a report on Monday, December 14 to “Sector Underperform” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, November 5.

CRK Company Profile

Comstock Resources, Inc., incorporated on November 23, 1983, is an energy firm engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Firm operates in the segment of exploration and production of oil and natural gas. The Company’s gas and oil activities are concentrated in Texas and Louisiana. The Company’s activities are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Firm owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells.

More recent Comstock Resources Inc (NYSE:CRK) news were published by: Nasdaq.com which released: “Comstock Resources, Inc. Announces Closing of Senior Notes Exchange Offer” on September 06, 2016. Also Nasdaq.com published the news titled: “Comstock Resources, Inc. Reports Results of Special Meeting of Stockholders” on November 08, 2016. Seekingalpha.com‘s news article titled: “Comstock Resources’ (CRK) CEO Jay Allison on Q2 2016 Results – Earnings Call …” with publication date: August 01, 2016 was also an interesting one.

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By Darrin Black


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